BAFWX vs. AMRGX

Last updated Aug 1, 2026

BAFWX (Brown Advisory Sustainable Growth Fund Institutional Shares) and AMRGX (American Growth Fund Series One) are both Large Cap Growth Equities funds. Over the past 10 years, BAFWX returned 15.08%/yr vs 11.79%/yr for AMRGX. Their correlation of 0.83 means they have usually moved in the same direction. BAFWX charges 0.64%/yr vs 4.07%/yr for AMRGX.

Performance

BAFWX vs. AMRGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) and American Growth Fund Series One (AMRGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAFWX achieves a 4.69% return, which is significantly lower than AMRGX's 17.06% return. Over the past 10 years, BAFWX has outperformed AMRGX with an annualized return of 15.08%, while AMRGX has yielded a comparatively lower 11.79% annualized return.

BAFWX

• 1D: 1.82%
• 1M: -0.15%
• 6M: 9.67%
• YTD: 4.69%
• 1Y: 3.16%
• 3Y*: 11.69%
• 5Y*: 6.14%
• 10Y*: 15.08%
• ALL TIME*: 15.30%

AMRGX

• 1D: 2.55%
• 1M: -0.50%
• 6M: 12.78%
• YTD: 17.06%
• 1Y: 37.70%
• 3Y*: 17.59%
• 5Y*: 9.71%
• 10Y*: 11.79%
• ALL TIME*: 2.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMRGX American Growth Fund Series One	$0.00	$0.00	$0.00
BAFWX Brown Advisory Sustainable Growth Fund Institutional Shares	$0.00	$0.00	$0.00

BAFWX vs. AMRGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAFWX Brown Advisory Sustainable Growth Fund Institutional Shares	4.69%	3.35%	20.35%	39.07%	-30.90%	30.01%	39.09%	36.09%	4.51%	28.10%
AMRGX American Growth Fund Series One	17.06%	11.18%	16.61%	24.38%	-19.93%	15.64%	18.65%	36.73%	-9.07%	13.37%

Correlation

The correlation between BAFWX and AMRGX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since Jun 29, 2012	0.83

Over the past year, the correlation between BAFWX and AMRGX has dropped to 0.53 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

BAFWX vs. AMRGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BAFWX

BAFWX Risk / Return Rank: 5
BAFWX Sharpe Ratio Rank: 5
BAFWX Sortino Ratio Rank: 5
BAFWX Omega Ratio Rank: 5
BAFWX Calmar Ratio Rank: 5
BAFWX Martin Ratio Rank: 5

AMRGX

AMRGX Risk / Return Rank: 56
AMRGX Sharpe Ratio Rank: 43
AMRGX Sortino Ratio Rank: 49
AMRGX Omega Ratio Rank: 69
AMRGX Calmar Ratio Rank: 78
AMRGX Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BAFWX vs. AMRGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) and American Growth Fund Series One (AMRGX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BAFWX	AMRGX	Difference
Sharpe ratio: Return per unit of total volatility	0.00	1.22	-1.22
Sortino ratio: Return per unit of downside risk	0.12	1.88	-1.76
Omega ratio: Gain probability vs. loss probability	1.01	1.30	-0.28
Calmar ratio: Return relative to maximum drawdown	0.00	2.50	-2.50
Martin ratio: Return relative to average drawdown	0.00	5.86	-5.86

BAFWX vs. AMRGX - Sharpe Ratio Comparison

The current BAFWX Sharpe Ratio is 0.00, which is lower than the AMRGX Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of BAFWX and AMRGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BAFWX vs. AMRGX - Drawdown Comparison

The maximum BAFWX drawdown since its inception was -36.86%, smaller than the maximum AMRGX drawdown of -80.32%. Use the drawdown chart below to compare losses from any high point for BAFWX and AMRGX.

Drawdown Indicators

	BAFWX	AMRGX	Difference
Max Drawdown Largest peak-to-trough decline	-36.86%	-80.32%	+43.46%
Max Drawdown (1Y) Largest decline over 1 year	-19.93%	-13.98%	-5.95%
Max Drawdown (3Y) Largest decline over 3 years	-25.03%	-21.15%	-3.88%
Max Drawdown (5Y) Largest decline over 5 years	-36.86%	-35.42%	-1.44%
Max Drawdown (10Y) Largest decline over 10 years	-36.86%	-35.42%	-1.44%
Current Drawdown Current decline from peak	-2.39%	-5.31%	+2.92%
Average Drawdown Average peak-to-trough decline	-5.68%	-40.05%	+34.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.72%	5.91%	+1.81%

Volatility

BAFWX vs. AMRGX - Volatility Comparison

The current volatility for Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) is 3.92%, while American Growth Fund Series One (AMRGX) has a volatility of 6.43%. This indicates that BAFWX experiences smaller price fluctuations and is considered to be less risky than AMRGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAFWX	AMRGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	6.43%	-2.51%
Volatility (6M) Calculated over the trailing 6-month period	14.24%	17.26%	-3.02%
Volatility (1Y) Calculated over the trailing 1-year period	17.53%	28.73%	-11.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.77%	22.64%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.55%	21.64%	-0.09%

BAFWX vs. AMRGX - Expense Ratio Comparison

BAFWX has a 0.64% expense ratio, which is lower than AMRGX's 4.07% expense ratio.

Dividends

BAFWX vs. AMRGX - Dividend Comparison

BAFWX's dividend yield for the trailing twelve months is around 22.76%, more than AMRGX's 15.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMRGX American Growth Fund Series One	15.23%	17.82%	12.39%	8.17%	7.77%	12.21%	2.36%	0.00%	0.00%	0.00%	0.00%	0.00%
BAFWX Brown Advisory Sustainable Growth Fund Institutional Shares	22.76%	23.83%	5.23%	0.01%	0.00%	1.82%	0.00%	1.48%	3.71%	1.70%	0.71%	4.73%

Frequently Asked Questions

Can I hold both BAFWX and AMRGX in my portfolio?

BAFWX and AMRGX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAFWX or AMRGX?

AMRGX has higher volatility (6.43%) compared to BAFWX (3.92%). In terms of maximum drawdown, BAFWX dropped -36.86% vs AMRGX's -80.32%.

Which has better risk-adjusted returns?

AMRGX currently has the higher Sharpe Ratio (1.22 vs 0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.